Debt limit talks in standstill as Republicans, White House face 'real differences'
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May 19, 2023
WASHINGTON (AP) — Debt limit talks came to an abrupt standstill Friday after Republican House Speaker Kevin McCarthy said it's time to "pause" negotiations, and a White House official acknowledged there are "real differences" that are making talks difficult.
McCarthy said resolution to the standoff is "easy," if only President Joe Biden would agree to some spending cuts Republicans are demanding. It is unclear when negotiations would resume.
"We've got to get movement by the White House and we don't have any movement yet," McCarthy, R-Calif., told reporters at the Capitol. "So, yeah, we'v...
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